Young Family Foundation Inc
- Assets
- $608.5k
- Revenue
- -$45.2k
- Investments
- $504.7k
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 61-1510360
Organization Overview
Young Family Foundation Inc is located in Delray Beach, FL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Young Family Foundation Inc has awarded 37 individual grants totaling $199,587. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Young President | 20 | $30,000 | |
Marcie Young Director | 10 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,196 |
| Dividends & Interest | $9,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$56,155 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $193 |
| Total Revenue | -$45,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $206 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,428 |
| Total operating and administrative expenses | $75,079 |
| Contributions, gifts, grants paid | $26,610 |
| Total expenses and disbursements | $101,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,182 |
| Savings and temporary cash investments | $60,701 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $108,397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $893 |
| Total assets | $608,515 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $202,357 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $202,357 |
Grants Awarded
Over the last fiscal year, Young Family Foundation Inc has awarded $26,610 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNITY SCHOOL PURPOSE: EDUCATION | $3,010 |
HANLEY CENTER FOUNDATION PURPOSE: EDUCATION | $200 |
SUNFLOWER CREATIVE ARTS PURPOSE: EDUCATION | $3,000 |
JED FOUNDATION PURPOSE: EDUCATION | $900 |
GULF STREAM SCHOOL PURPOSE: EDUCATION | $5,000 |
ST VINCENT FERRER PURPOSE: EDUCATION | $5,000 |